Picture: ISTOCK
Picture: ISTOCK

Murray & Roberts (M&R) has recovered slightly after its share price came under pressure due to its rejection of Aton’s $400m takeover bid.

However, Aton already owns one-third of the company and has the support of Allan Gray, which holds an 11% stake in M&R. Could M&R be up for a hostile takeover?

M&R CEO Henry Laas spoke to Business Day TV about why it rejected the offer.

M&R CEO Henry Laas talks to Business Day TV about the takeover offer from Aton and why the board voted against it

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